The governments of Ukraine and the United States have signed a Memorandum of Understanding (MoU) to enhance cooperation in the critical minerals sector, focusing on strengthening supply chains for energy, national security, and economic development.
Ukraine holds 23 of the 50 critical minerals identified by the United States as essential. These minerals, including titanium and lithium, require significant investments and advanced environmentally friendly technologies for exploration, extraction, and processing.
Under the MoU, both nations will exchange information and expertise on best practices to boost the competitiveness of the mining sector. The agreement aims to attract investment in the exploration, extraction, processing, and recycling of critical minerals, adhering to ESG standards. It also supports the development of safe, sustainable, and responsible supply chains to serve global markets.
The United States will promote investment opportunities in Ukraine’s mining projects among US companies and the Minerals Security Partnership Forum. Success will depend on Ukraine’s ability to implement key measures, including free access to mineral reserve data, international bidding rounds, access to detailed mining business opportunities, and the creation of financial and economic incentives.
This collaboration positions Ukraine as a potential hub for critical mineral development, advancing global efforts in securing sustainable mineral resources.
